In a statement released by Presidency Communications on Wednesday, April 15, 2026, the government announced it would absorb a portion of the costs for both diesel and petrol to provide relief to citizens and businesses. Attached is a copy of the release by the energy ministry.
Day: April 15, 2026
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Global Oil Prices Surge 18% as COMAC Warns of Continued Pressure on Fuel Costs
The Chamber of Oil Marketing Companies (COMAC) has reported a sharp rise in global crude oil prices in 2026, with averages climbing from $109.66 per barrel to $129.80 per barrel—an 18.37% increase driven largely by escalating geopolitical tensions. The chamber says despite rising international prices, it projects a mixed trend for ex-pump prices in the...
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Gov’t Moves to Fix Power Distribution Challenges with Major Infrastructure Upgrades – Jinapor
The Minister for Energy and Green Transition, John Abdulai Jinapor, has announced a series of investments and technical interventions aimed at improving the reliability and quality of electricity supply across Ghana, following growing concerns over intermittent outages. In a statement addressing the nation, the Minister acknowledged persistent power disruptions, particularly in Accra and Kumasi, noting...
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Wrong-Way Bets on Oil Had a Star Trader Hundreds of Millions in the Hole
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Energy Minister Hints Possible Shake-up at ECG over Poor ‘Responsiveness’
Hon. John Jinapor, the Minister of Energy and Green Transition, has issued a stern warning to the Electricity Company of Ghana (ECG), signaling a potential leadership and operational restructuring following persistent reports of service lethargy. Addressing stakeholders and staff, the Minister expressed significant dissatisfaction with the current level of responsiveness in various districts, noting that...
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Obsolete Refinery Plants Undermine Fuel Stability; COPEC Boss Calls for Upgrades
Duncan Amoah, the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has intensified calls for the government to prioritize technical and strategic investments in the Tema Oil Refinery (TOR) to prevent the nation’s energy security from being compromised by “inefficient, old, and obsolete” infrastructure. He asserts that the current state of the refinery significantly...
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Energy Minister John Jinapor likely to suspend some fuel margins today
Energy Minister John Jinapor is expected to announce a temporary suspension of some margins on petroleum pricing today, in what could bring relief to consumers over the next four weeks. This is what JOYBUSINESS has gathered from persons with knowledge of engagements between the Finance Minister, Cassiel Ato Forson, and the Energy Minister to review...